Abstract
This research paper gives an in depth review of Pakistan’s debt performance during Fiscal Years 1989 to 2007. The objective of the research was to study debt situation of Pakistan and develop a statistical framework using Binary Recursive Tree to analyze and compare the debt management performance of Pakistan during two eras namely: The Democratic Era (FY1989-FY1999) and Military Rule Era (FY1999-FY2007). The Binary Recursive Tree was used to analyze era wise performance based on the mean values of important debt indicators compared to benchmark values. The outcomes of the BRT analysis show that the Military Era had performed better than the Democratic Era, but as mentioned there are several external factors, which affect the debt performance of a country. BRT analysis for the Democratic Era showed that the Era as a whole was crisis prone; on the other hand the Military Era comparatively was not crisis prone.
Highlights
Impulsive buying is a ‘widely recognize phenomena’ in the United States [1]
A few researches on impulsive buying have been undertaken in Far East countries, and no or very little researches have been undertaken in Pakistan
It may be pointed out that the overall mean of impulsive buying was on the higher side, as the younger persons and the females had the tendencies to be more impulsive than the older people and males respectively
Summary
Impulsive buying is a ‘widely recognize phenomena’ in the United States [1]. A high incidence of impulsive buying was found for purchasing products such as magazines and chocolates. The incidents were found to be as high as 80% [2]. “Impulsive buying behavior is a sudden compelling hedonically complex purchasing behavior in which the rapidity of the impulse purchase decision process predicts thoughtful deliberate consideration of information and choice alternative [3]. Most of the researches on impulsive buying behavior have been carried out in United States and other developed countries. A few researches on impulsive buying have been undertaken in Far East countries, and no or very little researches have been undertaken in Pakistan
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